Housing GSO: HRA Greensboro Affordable Housing Plan

EXECUTIVE SUMMARY

The availability of quality and affordable homes is critical to helping households achieve greater financial stability and access economic opportunity. Affordable rental housing units and opportunities for sustainable home ownership enable lower-income earners to dedicate a greater share of their resources to other needs, including healthcare, childcare, nutritious food, and educational opportunities — the building blocks needed for increased economic opportunity, wealth building, and success. Increasing the supply of affordable housing to meet demand and providing housing options affordable at a variety of price points is crucial to a city’s vibrancy and urban fabric. A diverse cross-section of Greensboro residents who provide essential community functions, including providers of childcare, home healthcare aides, and restaurant workers, earn less than $30,000 annually and may struggle to access quality housing options they can afford. The community members below represent a sample of these occupations in Greensboro. The recommendations laid out in Housing GSO are designed to support these community members in accessing affordable housing options. Who earns $30,000 annually in Greensboro?

+11,000 MSA jobs added 2010-2018 with annual salaries <$30K (40% of total job growth)

48% Of households earning <$30K include children

Security Guards

School Bus Drivers

Food & Beverage Workers

Child Day Care Center Workers

$26,000 Source: EMSI, PUMS 2017 5 Year Estimates, Shutterstock

$26,000

$25,000

$28,000

HR&A Advisors, Inc.

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